Chinese yuan weakens to 6.4307 against U.S. dollar
The central parity rate of the Chinese currency renminbi, or the yuan, weakened seven pips to 6.4307 against the U.S. dollar on Tuesday, the China Foreign Exchange Trade System showed.
In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Lagos
Heavy rain leaves Lagos commuters stranded as commercial drivers hike fares
Heavy rainfall on Monday left many Lagos commuters stranded.
Lagos
Ibeju-Lekki council begins flood control interventions in communities
He said the council had deployed swamp buggies, drainage-clearing equipment and pumping machines to tackle flooding in communities across the LGA.
World
Trump vows U.S. control of Strait of Hormuz amid escalating tensions
“We are going to guard it. We are going to get paid,” Mr Trump said.
World
University of Oxford develops new Ebola vaccine
The vaccine would be assessed for safety and immune response in 50 healthy adults in the UK aged between 18 and 55.
NationWide
Insecurity: Nigeria adopts victim-centred reintegration plan to strengthen communities
The national coordinator of the National Counter Terrorism Centre (NCTC), Maj
Education
Suspension of WAEC, NECO fee hike victory for Nigerians, says Obi
“Education is a fundamental right and a public good, not a source of government revenue,” he said.
